Organizers of
Community Unity Bancorp in Birmingham, Mich., applied on Jan. 12 with the
Federal Deposit Insurance Corp. for deposit insurance.
“We will
serve the banking needs of our market area through commercial lending in the
small business to lower middle-market commercial segments, full-service retail,
mortgage and others, including in underserved areas,” the group said in the
application.
The
proposed bank would offer commercial and residential mortgages, commercial and consumer
loans and credit lines and construction and development loans. It would also
provide online banking, commercial cash management services, wire transfers and
mobile banking.
Organizers
plans to raise $25 million in initial capital.
Andrew Meisner
would serve as the proposed bank’s CEO. He was the treasurer for Oakland County,
Mich., from 2009 to 2021, where he was also chief investment officer for a $1.5
billion investment portfolio. He was a member of the Michigan State House of
Representatives from 2002 to 2008.
The
proposed bank’s chief financial officer would be Timothy Blazejewski. He previously
served as the chief investment officer of Chemical Bank following its purchase
of Talmer.
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